What loan types does Waterstone Mortgage Corporation offer?

Waterstone Mortgage Corporation offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does Waterstone Mortgage Corporation offer mortgages?

Waterstone Mortgage Corporation is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are Waterstone Mortgage Corporation's mortgage rates?

Waterstone Mortgage Corporation has an overall pricing score of 15.2/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Waterstone Mortgage Corporation?

Waterstone Mortgage Corporation is a Independent Mortgage Company headquartered in Pewaukee, WI.

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Waterstone Mortgage Corporation

Independent Mortgage Company•Pewaukee, WIHQ•Direct•Reviews near you on Google

We analyzed every closed loan from Waterstone Mortgage Corporation — 6.3k loans across 9k applications— and benchmarked them against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Mediocre

1/5

vs. all lenders

Pull-through

Strong

4/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo · USDA

Place

Strong

4/5

National · 49 mkts

Awards

FHA

Superstar

Summary

What They Do Well

Strong pull through performance
Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans
Nationwide availability with consistent service

Things to Think About

Rates typically 51 basis points above market average
Higher than average fees ($4,303)

Explore another lender or local market

Report Card

Waterstone Mortgage Corporation performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Mediocre

+50.5 bps above market avg

Pull Through

Closing strength

Strong

Top 40% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 20% of lenders

FHA

Exceptional

Top 20% of lenders

Exceptional

Top 20% of lenders

Jumbo

Strong

Top 40% of lenders

USDA

Exceptional

Top 20% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 20% of lenders

Refinance

Strong

Top 40% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Exceptional	Mediocre	Strong	3,951	62.5%	+0.440%Above	$4,159Fees
FHA Loans	Sound	Exceptional	Mediocre	Exceptional	1,692	26.8%	+0.862%Above	$4,635Fees
VA Loans	Sound	Exceptional	Mediocre	Strong	564	8.9%	-0.010%Below	$4,748Fees
Jumbo Loans	Sound	Strong	Acceptable	Sound	58	0.9%	+0.404%Above	$3,109Fees
USDA Loans	Sound	Exceptional	Mediocre	Strong	57	0.9%	+0.454%Above	$3,772Fees

Conventional

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume3,951

Mix62.5%

Spread

+0.440%Above

Fees

$4,159Fees

FHA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Exceptional

Volume1,692

Mix26.8%

Spread

+0.862%Above

Fees

$4,635Fees

VA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume564

Mix8.9%

Spread

-0.010%Below

Fees

$4,748Fees

Jumbo Loans

Overall

Sound

Product

Strong

Pricing

Acceptable

Pull Through

Sound

Volume58

Mix0.9%

Spread

+0.404%Above

Fees

$3,109Fees

USDA Loans

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume57

Mix0.9%

Spread

+0.454%Above

Fees

$3,772Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Exceptional	Mediocre	Strong	5,844	92.4%	+0.514%Above	$4,307Fees
Refinance	Sound	Strong	Mediocre	Sound	478	7.6%	+0.408%Above	$4,254Fees

Purchase

Overall

Sound

Product

Exceptional

Pricing

Mediocre

Pull Through

Strong

Volume5,844

Mix92.4%

Spread

+0.514%Above

Fees

$4,307Fees

Refinance

Overall

Sound

Product

Strong

Pricing

Mediocre

Pull Through

Sound

Volume478

Mix7.6%

Spread

+0.408%Above

Fees

$4,254Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

6,322

Applications

8,642

Volume

$2 billion

Pricing & Closing

Avg Rate Spread

+0.505%

vs. market APOR

Avg Net Fees

$4,303

Origination − Credits

Pullthrough Rate

73.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$321,787

Avg Borrower Income

$131,102

Avg Property Value

$403,749

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

of 50 states + DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

Northeast8

CTMEMANHNJPARIVT

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West11

AKAZCACOIDMTNMNVORUTWA

Top Metro Areas by Place Specialization Score

1© Ron Reiring · CC BY 2.0

Albuquerque, NMMetro

Volume 1,030Mix 16.29% of portfolio

100/100

Exceptional

2© Infrogmation of New Orleans · CC BY 2.0

Santa Fe, NMMetro

Volume 98Mix 1.55% of portfolio

100/100

Exceptional

3© Camerafiend · CC BY-SA 4.0

Farmington, NMMetro

Volume 49Mix 0.78% of portfolio

90/100

Exceptional

4© nick hoke · CC BY 3.0

Deltona, FLMetro

Volume 301Mix 4.76% of portfolio

87/100

Exceptional

Crestview, FLMetro

Volume 118Mix 1.87% of portfolio

80/100

Strong

Orlando, FLMetro

Volume 369Mix 5.84% of portfolio

79/100

Strong

Las Cruces, NMMetro

Volume 100Mix 1.58% of portfolio

77/100

Strong

Blacksburg, VAMetro

Volume 61Mix 0.96% of portfolio

77/100

Strong

Tulsa, OKMetro

Volume 265Mix 4.19% of portfolio

77/100

Strong

Odessa, TXMetro

Volume 69Mix 1.09% of portfolio

75/100

Strong

Showing 10 of 49 metro areas

Top States by Place Specialization Score

New MexicoState

Volume 1,432Mix 22.65% of portfolio

100/100

Exceptional

FloridaState

Volume 1,343Mix 21.24% of portfolio

79/100

Strong

OklahomaState

Volume 336Mix 5.31% of portfolio

75/100

Strong

WisconsinState

Volume 352Mix 5.57% of portfolio

74/100

Strong

ArizonaState

Volume 367Mix 5.81% of portfolio

72/100

Strong

VirginiaState

Volume 299Mix 4.73% of portfolio

72/100

Strong

TexasState

Volume 495Mix 7.83% of portfolio

69/100

Strong

IdahoState

Volume 172Mix 2.72% of portfolio

66/100

Strong

KansasState

Volume 99Mix 1.57% of portfolio

65/100

Strong

MissouriState

Volume 171Mix 2.70% of portfolio

63/100

Strong

Showing 10 of 35 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.